Media Matrix Worldwide Q2 FY27 Results: Consolidated Net Profit ₹4.64 Crore on Total Income of ₹669 Crore
Earnings
digital media and electronics trading
Blacklitt Research3 min read
Media Matrix Worldwide (NSE: MMWL) reported consolidated total income of ₹668.62 crore and net profit of ₹4.64 crore for the quarter ended 30 Sep 2026, it said in a filing on 28 Oct 2026. Standalone total income was ₹1.79 crore and standalone net profit ₹0.82 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹668.62 crore, up 72.7% YoY and 55.3% QoQ
Net profit and EPS: ₹4.64 crore, up 126.9% YoY; basic EPS ₹0.0271
Finance costs: ₹6.26 crore, up 41.6% YoY, 0.9% of total income
Standalone
The company on its own, without its subsidiaries
Total income: ₹1.79 crore, up 23.8% YoY and down 0.7% QoQ
Net profit and EPS: ₹0.82 crore, up 54.6% YoY; basic EPS ₹0.0072
Other income: ₹0.64 crore, 35.8% of total income
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
668.62
387.05
+72.7%
430.63
+55.3%
Revenue from operations
667.39
386.22
+72.8%
428.45
+55.8%
Other income
1.23
0.83
+48.6%
2.17
-43.3%
4.64
2.05
+126.9%
3.58
+29.5%
Profit before tax
6.02
2.56
+134.9%
4.41
+36.5%
Finance costs
6.26
4.42
+41.6%
4.03
+55.2%
Depreciation
0.17
0.17
-0.5%
0.17
+0.4%
Tax expense
1.38
0.52
+167.0%
0.83
+66.7%
Net profit margin
0.69%
0.53%
+0.17 pp
0.83%
-0.14 pp
EPS, basic (₹)
0.03
0.01
+113.4%
0.02
+12.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Income grew much faster than the same quarter a year earlier, and profit grew faster still. Revenue from operations of ₹667.39 crore is almost all of total income, with other income of ₹1.23 crore. Net profit rose 126.9% to ₹4.64 crore, while profit before tax rose 134.9% to ₹6.02 crore, so tax of ₹1.38 crore, 22.9% of profit before tax, was a larger share of profit than in the year-earlier quarter.
Finance costs of ₹6.26 crore rose 41.6% from ₹4.42 crore a year earlier and were 0.9% of total income. Depreciation was flat at ₹0.17 crore. Profit attributable to owners of the parent was ₹3.07 crore, with the balance of ₹1.57 crore attributable to non-controlling interest, based on the filing's split of profit.
Note 6 of the filing states that this loss includes ₹12.01 crore arising from a change in the fair value of investments held by one subsidiary, which are classified as financial assets measured at FVTOCI. Total comprehensive income attributable to owners of the parent was negative in the quarter, as shown in the filing.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1.79
1.45
+23.8%
1.80
-0.7%
Revenue from operations
1.15
0.80
+43.9%
1.10
+4.6%
Other income
0.64
0.65
-0.9%
0.70
-8.9%
0.82
0.53
+54.6%
0.86
-5.3%
Profit before tax
0.87
0.50
+74.8%
0.93
-6.7%
Finance costs
0.01
0.03
-61.6%
0.01
-5.1%
Depreciation
0.06
0.06
0.0%
0.06
+0.3%
Tax expense
0.05
-0.03
n/a
0.07
-24.6%
Net profit margin
45.52%
36.47%
+9.05 pp
47.71%
-2.19 pp
EPS, basic (₹)
0.01
0.00
+53.2%
0.01
-5.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The standalone business is small in relation to the consolidated group. Standalone total income of ₹1.79 crore is mostly revenue from operations of ₹1.15 crore, with other income of ₹0.64 crore, which is 35.8% of total income.
Standalone net profit rose 54.6% to ₹0.82 crore, a slower rise than profit before tax, which grew 74.8% to ₹0.87 crore. Tax of ₹0.05 crore compares with a tax credit of ₹0.03 crore a year earlier. The consolidated net profit of ₹4.64 crore is ₹3.82 crore higher than standalone.
The company describes its business as digital media and electronic items trading, with no separate reportable segment under Ind AS 108. The consolidated results include nexG Devices Private Limited and Media Matrix Enterprises Private Limited.
The filing states that previous period figures have been re-grouped or re-classified where needed. The reason for the rise in consolidated revenue from operations is not stated in the filing.
Inference
The filing says that, based on its audited FY 2025-26 financial statements, the company does not meet the principal business criteria for an NBFC because income from financial assets is not more than 50% of gross income. The board approved voluntary surrender of its NBFC Certificate of Registration on 15 Apr 2026, and a fresh application has been filed with the RBI, which is under consideration. The filing does not say when the RBI will decide.
The filing gives consolidated borrowings of ₹221.13 crore and a consolidated other equity deficit of ₹41.17 crore at 30 Sep 2026. It does not give a reason for either, or whether any dividend has been declared or proposed. The auditors' review reports on both statements contain no material misstatement conclusion, and their other matter paragraph refers to unmodified conclusions by predecessor auditors on the prior periods.
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MMWLMedia Matrix Worldwide Ltd
